portfolio balance theory 中文意思是什麼
portfolio balance theory
解釋
有價證券平衡理論-
Main ideas and structure after introduction of some important issues related to sterilized intervention, such as the definition, the reasons, the target of intervention and its relation to the independence of the central bank in chapter 1, the paper researches the effectiveness of the portfolio balance channel on theory in chapter 2. after comparing the classical exchange rate models with portfolio balance model, i find non - sterilized intervention is effective under both models, but sterilized intervention is effective only under the latter, given that the uncovered interest parity ( ucirp ) does not
資產組合平衡渠道假定本外幣資產是不完全替代的,即無拋補利率平價不成立,央行通過影響投資者資產組合中不同貨幣標價的資產的相對供給量來影響匯率,沖銷干預有效;在預期渠道下,央行通過影響市場參與者對央行干預量的預期,影響其決策和行為,從而影響匯率。 -
Portfolio balance theory
有價證券平衡理論
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